Stephens & Co. Maintains Equal-Weight on Ally Financial, Raises Price Target to $32
Portfolio Pulse from richadhand@benzinga.com
Stephens & Co. analyst Vincent Caintic maintains an Equal-Weight rating on Ally Financial (NYSE:ALLY) and raises the price target from $26 to $32.
July 20, 2023 | 12:42 pm
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POSITIVE IMPACT
The price target for Ally Financial has been raised from $26 to $32 by Stephens & Co., maintaining an Equal-Weight rating.
The news of a raised price target typically indicates a positive outlook for the stock. As the price target is raised by a significant amount, this could lead to increased investor confidence and potential upward movement in the short term. The maintained Equal-Weight rating suggests that the analyst believes the stock is fairly valued at this new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100